Axiata likely to reject Keppel-led offer for Singapore mobile firm M1

FILE PHOTO: A woman with an umbrella passes an M1 sign in Singapore April 7, 2017. REUTERS/Edgar Su/File Photo

Malaysia’s Axiata Group Bhd, the biggest shareholder in M1 Ltd, is likely to reject an offer that valued the Singapore mobile operator at up to S$1.9 billion ($1.4 billion), a source with direct knowledge of the matter said.

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